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Factoids

Factoids offer brief snapshots of current topics pertinent to the Furniture industry based on our on-going research. Increase your grasp of current trends, consumer attitudes, and shifts within the industry through solid statistics and concise insight.

Factoids

Industry Sales by Quarter 2009 Q4 to 2016 Q4 Furniture & Bedding

The furniture industry continued its slow by steady growth in the fourth quarter of 2016, although the rate of growth slowed considerably in the second half of the year. Combined furniture and bedding sales grew 2.6 percent compared to the same quarter in 2015 to $24.7 billion. Compared to the third quarter of 2016, the fourth quarter grew 1.1 percent.

The industry finished the year at $96.57 billion, a 3.4 percent growth over 2015.

Furniture (excluding Bedding) in the fourth quarter increased 2.4 percent compared to the same quarter in 2015 totaling $21.4 billion. Compared to the third quarter of 2016, furniture only sales are up 3.5 percent. Year end furniture sales (excluding Bedding) are up 3.6 percent.

The Bedding industry has experienced a disappointing year. Historically the fourth quarter is Bedding’s slowest sales period, and 2016 was no different. However, on a positive note sales did increase 3.4 percent over the same fourth quarter of 2015, but were down 12.5 percent from the Q3 of 2016. Bedding sales totaled $3.3 billion in the fourth quarter. Year end sales are up 2.0 percent 2015 to 2016 to $14.1 billion.

Industry sales are still growing, but at a slower pace than previous years, especially in the second half of 2016. Fourth quarter 2016 combined Furniture and Bedding sales of $24.7 billion were a 2.6 percent improvement over the same Q4 in 2015. Compared to last quarter (2016 Q3) sales were up a modest 1.1 percent.

Furniture (excluding Bedding) increased 2.4 percent in 2016 Q4 versus the same quarter of 2015 with sales of $21.4 billion.